There has been mixed but an overall positive vibe regarding
Otis Worldwide Corporation (OTIS). Many financial institutions have significantly
increased their holdings in OTIS, including Norges Bank, Vanguard Group Inc., Teacher Retirement System of Texas, Barclays, and others. The company has also reported strong business and dividend growth despite some weak momentum. Innovations and corporate maneuvers with OTIS can also be noticed as the corporation amended its bylaws recently to
ease stockholder actions. Despite a slight
miss on Q4 earnings estimates, OTIS has demonstrated
strong service growth and an impressive 136% return over the last five years. The company expects a
massive $2 billion share buyback program to commence in 2025. JPMorgan Chase & Co.'s strategic acquisitions, along with significant new investments from Caisse Des Depots and others, manifest firm market trust. However, several groups have also lessened their stakes, such as Thrivent Financial and Prudential Financial.
Otis Worldwide Corporation OTIS News Analytics from Wed, 02 Oct 2024 07:00:00 GMT to Sat, 29 Mar 2025 10:49:42 GMT -
Rating 7
- Innovation 5
- Information 8
- Rumor -3
